Detailed Single Year Tables

Description of Proposed Provision:
Starting in 2013, allow workers to choose whether to have their payroll tax rate reduced by 2 percentage points. For each calendar year that a worker chooses to have their payroll tax reduced, their NRA increases 1 month. We assume 2/3 of workers each year will choose this payroll reduction. The General Fund of the Treasury reimburses the OASI and DI Trust Funds for the reduction in payroll tax revenue.

&nbsp

Financial Estimates for the OASDI Trust Fund Program

&nbsp

&nbsp

Proposal

&nbsp

Change from Present Law

&nbsp

Expressed as a percentage of present-law taxable payroll

Trust fund ratio as of January 1

Expressed as a percentage ofpresent-law taxable payroll

Calendaryear

Costrate

Incomerate

Annualbalance

Costrate

Incomerate

Annualbalance

2012

13.83

12.89

-0.93

340

0.00

0.00

0.00

2013

13.95

12.83

-1.12

329

0.00

0.00

0.00

2014

13.98

12.93

-1.05

315

0.00

0.00

0.00

2015

13.97

12.95

-1.01

302

0.00

0.00

0.00

2016

13.94

12.98

-0.96

290

0.00

0.00

0.00

2017

13.91

13.01

-0.90

277

0.00

0.00

0.00

2018

13.96

13.03

-0.92

266

0.00

0.00

0.00

2019

14.13

13.05

-1.08

254

-0.01

0.00

0.01

2020

14.36

13.07

-1.29

241

-0.01

0.00

0.01

2021

14.62

13.11

-1.52

227

-0.03

0.00

0.03

2022

14.92

13.13

-1.79

214

-0.05

0.00

0.05

2023

15.21

13.14

-2.07

199

-0.08

0.00

0.08

2024

15.49

13.16

-2.33

183

-0.10

0.00

0.10

2025

15.76

13.18

-2.58

167

-0.13

0.00

0.12

2026

16.01

13.19

-2.82

151

-0.14

0.00

0.14

2027

16.25

13.21

-3.05

134

-0.16

-0.01

0.15

2028

16.46

13.22

-3.24

116

-0.17

-0.01

0.17

2029

16.64

13.23

-3.41

97

-0.19

-0.01

0.18

2030

16.80

13.24

-3.55

77

-0.21

-0.01

0.20

2031

16.92

13.25

-3.67

57

-0.23

-0.01

0.22

2032

17.00

13.25

-3.75

36

-0.25

-0.01

0.24

2033

17.06

13.26

-3.80

15

-0.27

-0.01

0.26

2034

17.09

13.26

-3.82

----

-0.29

-0.01

0.28

2035

17.09

13.26

-3.83

----

-0.32

-0.01

0.30

2036

17.08

13.27

-3.82

----

-0.34

-0.02

0.33

2037

17.06

13.27

-3.79

----

-0.37

-0.02

0.36

2038

17.02

13.27

-3.75

----

-0.40

-0.02

0.38

2039

16.96

13.26

-3.69

----

-0.44

-0.02

0.42

2040

16.89

13.26

-3.63

----

-0.47

-0.02

0.45

2041

16.81

13.26

-3.55

----

-0.51

-0.02

0.49

2042

16.73

13.26

-3.48

----

-0.55

-0.02

0.52

2043

16.65

13.25

-3.40

----

-0.59

-0.03

0.56

2044

16.58

13.25

-3.33

----

-0.63

-0.03

0.61

2045

16.51

13.25

-3.26

----

-0.68

-0.03

0.65

2046

16.43

13.24

-3.19

----

-0.73

-0.03

0.70

2047

16.36

13.24

-3.12

----

-0.78

-0.03

0.74

2048

16.29

13.24

-3.05

----

-0.82

-0.04

0.79

2049

16.22

13.24

-2.99

----

-0.87

-0.04

0.83

2050

16.16

13.23

-2.93

----

-0.92

-0.04

0.88

2051

16.10

13.23

-2.87

----

-0.97

-0.04

0.93

2052

16.05

13.23

-2.82

----

-1.02

-0.04

0.97

2053

16.01

13.23

-2.78

----

-1.06

-0.05

1.01

2054

15.98

13.23

-2.75

----

-1.10

-0.05

1.05

2055

15.95

13.23

-2.73

----

-1.14

-0.05

1.09

2056

15.94

13.23

-2.71

----

-1.17

-0.05

1.11

2057

15.93

13.23

-2.70

----

-1.19

-0.05

1.14

2058

15.92

13.23

-2.69

----

-1.21

-0.05

1.16

2059

15.91

13.23

-2.68

----

-1.24

-0.06

1.18

2060

15.90

13.23

-2.67

----

-1.26

-0.06

1.20

2061

15.88

13.23

-2.65

----

-1.28

-0.06

1.23

2062

15.86

13.23

-2.64

----

-1.30

-0.06

1.25

2063

15.86

13.23

-2.63

----

-1.32

-0.06

1.26

2064

15.85

13.23

-2.62

----

-1.33

-0.06

1.27

2065

15.85

13.23

-2.62

----

-1.35

-0.06

1.29

2066

15.86

13.23

-2.63

----

-1.36

-0.06

1.30

2067

15.86

13.23

-2.63

----

-1.38

-0.06

1.32

2068

15.87

13.23

-2.64

----

-1.39

-0.06

1.33

2069

15.89

13.23

-2.66

----

-1.40

-0.06

1.34

2070

15.91

13.23

-2.68

----

-1.41

-0.06

1.35

2071

15.93

13.24

-2.69

----

-1.42

-0.06

1.36

2072

15.95

13.24

-2.71

----

-1.43

-0.06

1.37

2073

15.96

13.24

-2.72

----

-1.44

-0.06

1.38

2074

15.98

13.24

-2.74

----

-1.45

-0.06

1.39

2075

16.00

13.24

-2.76

----

-1.46

-0.06

1.40

2076

16.01

13.24

-2.77

----

-1.47

-0.06

1.41

2077

16.03

13.25

-2.78

----

-1.48

-0.06

1.42

2078

16.05

13.25

-2.80

----

-1.49

-0.06

1.43

2079

16.07

13.25

-2.82

----

-1.50

-0.06

1.44

2080

16.09

13.25

-2.84

----

-1.51

-0.06

1.45

2081

16.12

13.25

-2.87

----

-1.52

-0.07

1.45

2082

16.15

13.25

-2.89

----

-1.53

-0.07

1.46

2083

16.18

13.26

-2.92

----

-1.54

-0.07

1.47

2084

16.21

13.26

-2.95

----

-1.55

-0.07

1.48

2085

16.24

13.26

-2.98

----

-1.56

-0.07

1.49

2086

16.27

13.26

-3.01

----

-1.56

-0.07

1.50

2087

16.30

13.27

-3.03

----

-1.57

-0.07

1.50

&nbsp

Summarized Estimates

&nbsp

&nbsp

Proposal

&nbsp

Change from Present Law

Years

Costrate

Incomerate

Actuarialbalance

Year of reserve depletion1

Costrate

Incomerate

Actuarialbalance

Based on Intermediate Assumptions of the 2012 Trustees Report.

2012-2086

16.01%

13.99%

-2.01%

2033

-0.68%

-0.03%

0.65%

&nbsp

1 Under present law, the year of Trust
Fund reserve depletion is 2033.